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The union of builders is proposing creating an insured mortgage fund, to provide financing for those who can not meet the requirements demanded by banks.

The Chamber of Developers of Nicaragua (Cadur) announced that the fund could start with an initial seed capital of $5 million.The objective of the fund is to finance the purchase of new homes, and to facilitate access to financing for workers in the informal sector or clients that receive remittances from abroad.

Over the past year, the gross portfolio of the financial system totaled $5.323 billion, 14% more than in 2016, explained in part by the performance of commercial credit.

Regarding the activities financed, the Central Bank of Nicaragua (BCN) reported that at the end of 2017 "... commercial credit and personal loans remained the most representative, with both sectors adding up to 55.4 percent of the total portfolio. These sectors showed year-on-year growth of 10.6 and 12.1 percent, respectively."

Fitch Ratings forecasts that the performance of the banking system will remain stable in 2018, despite the expected slowdown in credit growth.

From a statement issued by Fitch Ratings:

Fitch Ratings-San Salvador-23 January 2018: Fitch Ratings has maintained its stable outlook for Nicaragua's banking system, considering that its financial performance is expected to remain adequate in 2018 despite the anticipated slowdown in credit growth. Banking system performance has proven to be consistent, benefiting from the positive trend of the local economy. On average, Nicaragua's real GDP growth was 5.2% between 2012 and 2016 while credit growth was 21.5%. However, since 2016 there has been a slight slowdown in the economy and in the main credit segments (commercial and consumer loans). Fitch expects the country's economic growth in 2018 to reach 4.5%. This would imply a lower dynamism for the banking sector, with credit growth expected below 15%.

Due to an increase in commercial credit and personal loans, the gross portfolio totaled $5.480 billion up to November 2017, 15% more than in the same month in 2016.

According to a Report on the Performance of the National Financial System, published by the Central Bank of Nicaragua in November 2017, the financial system increased its financial assets by 16%, while the credit portfolio grew by 15%, both in year-on-year terms.

As of September, credit granted by the financial system registered a year-on-year increase of 16%, driven by commercial credit and personal loans, which grew by 14% and 15%, respectively.

From a financial report by the Central Bank:

The financial system remains stable as of September. The loan portfolio grew by 15.6 percent year-on-year.The risk indicators continue below the average for the region and the liquidity of the system was above 31 percent. In relation to deposits,an interannual growth of 8.7 percentwasobserved (10.9% in September 2016).Finally, the indicators on profitability, solvency and capital have been found to be stable throughout the year.

A law that allows companies to use their personal property as collateral to obtain production loans has now come into force.

The president of the Higher Council of Private Enterprise (COSEP), José Adán Aguerri, stated that on Thursday, October 26, 2017, the Law on Secured Transactions entered into force, which was approved by the National Assembly in October 2016.

Up to September 2016 annual growth in the loan portfolio of the banking system decreased from 23% to 20%.

From the Central Bank´s financial report, September 2016:

Credit growth declined. In September 2016, gross loans totaled 136,803.4 million cordobas, with a growth of 20.0 percent. This represents a decrease of 3.1 percentage points compared to the figure seen in September 2015.Meanwhile, real credit growth declined by 3.9 percentage points compared to that observed in September 2015 (19.8% vs 15.9% 2015 2016).The gross loan portfolio of the financial system remains active with the most weight in the balance of the financial system (66.0%).

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